GBPUSD With ElliottWave By Ally MugaboWave 1 is complete: The market is finishing an impulse wave 1.
Correction expected: A retracement towards 61.8% - 78.6% Fibonacci for wave 2.
Bullish outlook: After the correction, a strong wave 3 rally is anticipated.
📢 For more Elliott Wave insights, visit ElliottWaveUnite.com 🚀
Community ideas
Bitcoin Buy Setup: Targeting $93,200You can consider buying Bitcoin with a target of 93,200 using a combination of technical indicators. The RSI can help identify whether Bitcoin is in an overbought or oversold condition; a level around 40-50 in an uptrend could be a good entry point. The MACD crossover, where the MACD line crosses above the signal line, can confirm bullish momentum. Moving averages like the 50-day and 200-day can act as dynamic support levels, and if Bitcoin is trading above them, it strengthens the bullish bias. Pivot points, especially the support levels, can also help in identifying a good entry point while the resistance levels near the target should be monitored for potential take-profit areas.
EURUSD MARKET INTRADAY: FURTHER ADVANCEEURUSD currently on 1.04774 according to time frame H4 also my analysis the eurusd is go on up side but
>THE break above 1.0450 is a positive signal that has opened a path to 1.0515
> Below 1.0450 look for further downside with 1.0420 & 1.0390 as targets.
MY preference
> Long position above 1.0450 with targets at 1.0515 & 1.0540 in extension .
XAUSSD 4/3/2025 ( WILL IT FALL? OR NOT?)Sure, here's a more professional and engaging version with emojis, along with a focus on money and risk management:
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📈 **Gold Market Analysis:**
Gold is currently consolidating within a **range** between **2881 (Support)** and **2894 (Resistance)**. An old **Fair Value Gap (FVG)** exists between **2905-2990** on the **30M timeframe**, providing a potential target zone.
🔍 **Our Trading Scenarios:**
### 🟢 **Scenario 1: Bullish Breakout**
If a candle **breaks and closes above 2894** (Resistance) and the **next candle breaks the high** of the closing candle:
- **📥 Entry:** Buy above the high of the closing candle.
- **🎯 Targets:**
- **Primary Target:** 2908
- **Safe Profit:** Close **70%** of your position within the **FVG (2900-2905)** to secure gains.
### 🔴 **Scenario 2: Bearish Breakdown**
If a candle **breaks and closes below 2881** (Support) and the **next candle breaks the low** of the closing candle:
- **📥 Entry:** Sell below the low of the closing candle.
- **🎯 Targets:**
- **Primary Target:** 2870
- **Extended Target:** 2860
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💰 **Money Management:**
- **Position Sizing:** Risk only **1-2%** of your total trading capital per trade.
- **Stop Loss:** Place a **stop loss** below/above the breakout candle to manage risk effectively.
📊 **Risk Management:**
- Use a **Risk-to-Reward (RR) ratio** of at least **1:2** to ensure potential rewards outweigh the risks.
- **Trail stops** or move to **breakeven** once **70%** of the position is closed to protect profits.
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⚠️ **Pro Tip:** Avoid trading in the **range** until a **clear breakout** occurs to reduce the risk of **fakeouts**.
NVDA is Testing Major Support! Will It Bounce or Sink?📊 Technical Analysis (TA):
1. Trend & Structure:
* NVDA remains in a strong downtrend, with multiple Break of Structure (BOS) signals confirming bearish control.
* A recent Change of Character (ChoCH) attempt suggests a possible reversal, but confirmation is needed.
* Key Resistance: ~120-126 (supply zone)
* Support Zone: ~110-113 (current demand area)
2. Indicators Suggesting a Possible Reversal:
* MACD: Starting to show signs of slowing momentum, potential for a bullish crossover.
* Stochastic RSI: Deeply oversold, indicating a possible mean reversion bounce.
* Volume Spike: Increasing volume at support suggests institutional accumulation.
🔹 GEX & Options Flow:
1. Call Walls (Resistance) 🚧
* 126-130: Strong resistance where gamma resistance intensifies.
* 140: Major call wall, unlikely to be tested without a strong reversal.
2. Put Walls (Support) 🛑
* 110: Highest negative NETGEX, meaning a breakdown could accelerate selling pressure.
* 100-95: Next major support levels if 110 fails.
3. IV Rank & Skew:
* IVR 54.5, indicating mid-to-high implied volatility.
* Puts are dominating, at 81.35% of second-wall exposure.
* Calls only 11.2%, suggesting bearish sentiment remains strong.
📌 Trading Plan & Suggestions:
* Bullish Reversal Scenario:
* If NVDA holds 110-113, expect a short squeeze rally toward 120-125.
* Ideal trade: April 115C or 120C, targeting a reversal move.
* Bearish Breakdown Scenario:
* If NVDA loses 110, downside targets extend to 100-105.
* Ideal Put Play: Buy March-April 110P or 105P targeting 95-100.
⚠️ Key Warning: A strong bounce is possible, but failure to reclaim 115 quickly will favor more downside.
🔥 Conclusion: NVDA at a Pivotal Level – Rebound or Freefall?
NVIDIA is testing a key support area with early reversal signals, but bears still dominate options flow. The next few sessions will determine if bulls can defend this zone or if we see another leg down. Stay cautious and watch price action near 110-113 before making a move. 🚀📉
🚨 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
SMCI/USD – 30-Min Long Trade Setup!📌 🚀
🔹 Asset: SMCI (Super Micro Computer, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Reversal Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $36.07 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $33.81 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $39.62 (First Resistance Level)
📌 TP2: $43.63 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $36.07 - $33.81 = $2.26 risk per share
📈 Reward to TP1: $39.62 - $36.07 = $3.55 (1:1.6 R/R)
📈 Reward to TP2: $43.63 - $36.07 = $7.56 (1:3.3 R/R)
🔍 Technical Analysis & Strategy
📌 Falling Wedge Breakout: Price has broken out of a falling wedge, a strong bullish reversal pattern.
📌 Support Rejection: The price tested $36.07 support and showed buying pressure.
📌 Volume Confirmation Needed: Ensure high buying volume when price holds above $36.07 to confirm bullish momentum.
📌 Momentum Shift Expected: If price remains above $36.07, it could push toward $39.62, and further to $43.63.
📊 Key Support & Resistance Levels
🟢 $33.81 – Stop-Loss / Support Level
🟡 $36.07 – Breakout Level / Long Entry
🔴 $39.62 – First Resistance / TP1
🔴 $43.63 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $36.07 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($36.07) after TP1 ($39.62) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $39.62, let the rest run toward $43.63.
✔ Adjust Stop-Loss to Break-even ($36.07) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If the price fails to hold above $36.07 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $36.07 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Bouncing from support at $36.07 suggests a potential reversal.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.6 to TP1, 1:3.3 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
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Gold - 1H TF BULLISHEven though mid term we're bearish on Gold, I still cannot ignore the fact there is a lot of pending LQ on Gold around the ATH. Also, as it's a new month, the new monthly candle requires some liquidity from the upside before it can drop.
On the 1H TF I'll be targeting small zones for buys & once price reaches that zone, I can monitor for any possible rejections back down, or possible further upside. TARGET 1: $2,903📈
DAX 40 Hits New Record HighThe trading week kicks off with strong optimism in major global indices, with the DAX 40 in Frankfurt reaching a new record, rising over 3% and surpassing the 22,300-point mark. This outstanding performance is backed by investment fund prospects focused on defense and infrastructure projects, for which a plan worth nearly one trillion euros is under discussion. Some German companies linked to these sectors have even achieved double-digit gains, supporting the German index.
On the geopolitical front, UK Prime Minister Keir Starmer has announced the development of a peace plan for Ukraine, following a tense meeting between former U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky. The goal of European powers is to maintain market stability and confidence, despite uncertainty stemming from negotiations with Washington and potential trade frictions. However, the threat of new U.S. tariffs remains one of the primary risk factors for the region.
On the macroeconomic side, the eurozone inflation data —which stood at 2.4% annually in February, slightly above the 2.3% forecast— continues to support expectations of an interest rate cut by the European Central Bank this week. While energy and services showed some moderation in their increases, the rise in unprocessed food (3.1%) and non-energy industrial goods (0.6%) suggests that price dynamics still require monitoring. In this context, core inflation fell to 2.6%, remaining above expectations but marking its lowest level since January 2022.
In terms of immediate impact, the strength of the defense sector and infrastructure investments could sustain the bullish momentum in European equities. This scenario highlights the importance of coordination between European leaders and negotiations with the U.S., which will be crucial to supporting economic momentum and avoiding trade tensions.
With this positive market environment at the start of the week, there are promising opportunities for European markets, as long as the key players strike a balance between defense spending ambitions, the geopolitical implications of the Ukraine peace plan, and the risks associated with U.S. trade policy.
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Maybe one more retest? I been buying this hood dip, but it's possible the low 40s need to be tested before the next leg up (which i think takes it to $80-$100). It's possible the correction could already be over, but i'd wait for a breakout of the $55 level to be confident in saying that. I've got cash set aside and will be buying the low 40s aggressively if it comes.
Bull/Bear case for $COINKey Resistance Levels: $263, $222
Key Support Levels: $200, $193, $189
Bull Case
The stock is testing a major ascending trendline near $200. If it holds, a bounce toward $221–$263 is possible.
Oversold RSI (40.78) and Stochastic (14.33) indicate a potential relief rally if buying interest picks up.
If COIN reclaims $222, it could push toward $250 and even $263, breaking out of the descending triangle.
Above $263, the next major target would be $320.
Bear Case
COIN remains in a descending triangle, signaling continued weakness unless a breakout occurs.
A break below $189 could trigger a deeper correction to $166–$143 (Fib retracement zones).
If $143 fails, the next major support lies at $115, with an extreme bearish target of $70.
Final Verdict
Bullish Above $222: Expect $250–$263, then $320+.
Bearish Below $189: Expect $166–$143 downside.
Best Trading Approach
Aggressive Bulls: Buy near $200–$193, SL $189.
Conservative Bulls: Buy at $166–$143, SL $138.
Bears: Short below $189 for $166–$143.
Notcoin Still Trades At Bottom Prices (958% Potential)The Cryptocurrency market is a great market.
The Altcoins are great.
Sometimes we are down and sad, or even mad, because we miss an opportunity that looks great. Here we have Notcoin (NOTUSDT) still trading at bottom prices. How good can it get?
The good news is that the breakout here was really small. We have rising volume. Daily buy volume continues to rise but NOTUSDT is still trading below resistance. The last barrier before a major rise and bullish-run.
When the opportunity is lost, we are sure to rush and even buy after prices are up. When prices are good and down, we tend to be disinterested —this time it can be different.
The way to profit the most from Crypto is not by buying those that already moved up, the best decision is to buy those trading low/near support, before the breakout. We buy and we hold.
A chart like this one looks great if we can have patience and focus on the long-term. Yes, it takes time but the only way to secure a low, bottom, price is by entering when there is no excitement, no hype, and right now this is the best time.
This is a friendly reminder. I don't know how much longer an opportunity like this will be available but it won't be for too long. A few months from now, several years from now, we will look back and see how prices were at this point and notice that it only lasted a few months.
Think of Bitcoin, how long did it trade at $3,500 in March 2020?
For how long did it trade at $17,500 in late 2022?
The time to enter the Cryptocurrency market is now. You will be happy with the results.
Thank you for reading. Notcoin will soon breakout and start to grow.
You can be certain. First Bitcoin and the big projects, and then the rest of the Altcoins.
Bitcoin, Solana, Cardano, XRP and many others moved today. The rest of the market is sure to follow. We are bullish in March 2025 and beyond.
This is the start of the 2025 bull-market.
Namaste.
PLTRPLTR hit the 1.0 I have been waiting for and looks primed for a move higher. The main question I am asking myself, is this just wave A, or is it all of wave (4). We've hit the target area for wave (4), but it was very short. Wave (2) was long, so I expect (4) to be short, but damn, talk about SHORT lol. This consolidation has lasted all of 9 days (7 trading days). This next move higher will tell us the answers we seek based upon the structure that it takes on. If it appears corrective in nature, then it is likely wave B carving itself out. Should it be impulsive in nature, then we know that (4) was short, and we're within wave (5) already. Either way I see this though, we should be moving up very soon if not already starting to.